Iron Horse Credit closed a $6.5 million standalone inventory revolving line of credit for a wine and spirits importer and distributor.
A trusted partner of the client introduced it to Iron Horse Credit and, in conjunction with Iron Horse Credit’s facility, provided the client with an accounts receivable line of credit and a term loan. The proceeds of the facilities allowed the client to purchase the assets of an importer, distributor and wholesaler of wine and spirits while providing additional working capital to support growth.
“Bringing this transaction to a close was accomplished by our solution-driven approach and remarkable tenacity by our team,” Cesar Silva, vice president of business development at Iron Horse Credit, said. “We are excited to welcome this new relationship whose management team brings over 40 years of expertise in the wine and spirits industry.”